Dec 06 2022

Texas Daily Ag Market News Summary Posted 1 years 140 days ago by Administrator Account

Daily Market Summary for December 6th

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

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As of 3:00 PM Tuesday, negotiated cash trading has been mostly inactive on very light demand in Nebraska, and at a standstill in all other major feeding regions. Not enough purchases in any region for a market trend. Last week in the Southern Plains live purchases traded at 155.00. In Nebraska for the prior week live and dressed purchases traded at 157.00 and from 248.00-249.00, respectively. In the Western Cornbelt for the previous week live and dressed purchases traded from 157.00-158.00 and at 249.00, respectively. In Colorado live purchases traded at 157.00.

Negotiated Sales:

Confirmed:           1,056

Week Ago:               130

Year Ago:              1,953

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,800

Weighted avg. weight:         885.00

Weighted avg. net price:     252.83

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Cattle Slaughter under Federal Inspection

Tuesday (est)                       128,000

Week ago (est)                     128,000

Year ago (act)                       124,000

Week to Date                       255,000

Same Period Last Week     256,000

Same Period Last Year       245,000

Monday:

Steers & Heifers:           100,000

Cows & Bulls:                   27,000

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Boxed Beef:

Cutout Values:

Choice: 242.65… -0.66

Select:  219.14… -1.97

Choice/Select Spread: 23.51

Total Load Count: 147

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Cutter Cow Cutout:

192.07… +1.67

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CME Feeder Cattle Index for December 5th:

178.53… +0.39 / +0.22%

1 Year Change: +10.92%

52 Week Range: 152.31 to 183.16

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Futures Settlements…

Live Cattle:

December: 151.55… -1.67

February: 153.62… -2.20

April: 157.62… -1.95

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Feeder Cattle:

January: 181.80… -1.97

March: 184.15… -2.22

April: 187.32… -2.20

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February Hogs: 86.92… -3.60

January Crude Oil: 74.25… -2.68

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March Corn: 6.3725… -0.0325

March Wheat: 7.2900… -0.1000

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Grain Cash Bids:

Omaha Corn: 6.92… -0.03

Kansas City Wheat: 7.87… -0.12

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Financial Markets:

DJIA: 33,596.51… -350.00

S & P 500: 3,941.23… -57.59

NASDAQ: 11,014.89… -225.05

U.S. Dollar Index: 105.54… +0.25